Answer:
c. Implement a plan of action.
Explanation:
You already made your decision, so you've already considered all the outcomes and checked whether you have the resources needed for this. So the only thing left to do is to implement the plan of action
Answer:
An example of an operational risk would be if a business were unable to meet
its sales orders because of the death of the company president
Explanation:
When death incur from the owner or incharge of such business it might affect the operations of such businesses but if all other factors has been put in place, it would enable the business to carry on even when the owner is dead.
Answer: 12,000
Explanation:
Given that,
Stockholder's equity at the beginning of the year = 70,000
Stockholder's equity at the end of the year = 60,000
Dividends = 22,000
Net Income = Ending Balance + Dividends - Beginning Balance
= 60,000 + 22,000 - 70,000
= 12,000
Therefore, the net income for the year was 12,000.
Because people are desperate lol
Answer:
$217,800
Explanation:
1.)Income as per new method (695,000 + 331,000) $1,025,000
Less Actual reported income until 2021 (395,000 + 267,000 ) $662,000
Balance $363,000
Hence:
40%*$363,000
=$145,200
$363,000 -145,200
=$217,800
Therefore amount will be debited to Construction in Process account, to record the change at beginning of 2021 will be $217,800
